Credit Approval definition
Credit Approval means either (i) a notice from us to you, in writing or by such electronic means as may be designated by us, that we have approved all or a portion of an Order; or (ii) Availability under a Credit Line.
Credit Approval means a notice given by the Insurers to the Insured stating the amount of the Credit Limit for a buyer or group of buyers and stipulating any specific conditions or changes to the insurance coverage applicable to sales to that buyer or group of buyers.
Credit Approval means the written determinations to be issued pursuant to Sections 42(m)(1)(D) and 42(m)(2)(D) of the Code approving low-income housing tax credits for the Project in an amount of not less than $427,708.
Examples of Credit Approval in a sentence
All steps for approval are outlined on the Dual Credit Approval Form, as set forth in Appendix C.
Upon the effectiveness of a Credit Approval, we shall be deemed to have accepted the Credit Risk (but not the risk of non-payment for any other reason) to the extent of the dollar amount specified in the Credit Approval and the Receivable which is the subject thereof shall, to the extent of the amount specified in the Credit approval, be a Credit Approved Receivable.
We may, in our sole discretion, approve all or a portion of an Order, by issuing a Credit Approval, withdraw any Credit Approval, withdraw or adjust any Credit Line, or suspend any Availability under a Credit Line, at any time before you deliver the Inventory or render the services.
Until a Receivable subject to such automatic Credit Approval is more than forty five (45) days past due, the automatic Credit Approval will apply to a subsequent Order for the same Customer provided such subsequent Order complies with the terms set forth above.
In the absence of written Credit Approval, the Purchased Accounts shall be purchased at Full Recourse.
More Definitions of Credit Approval
Credit Approval means the granting of credit to the Reseller at the sole discretion of Axiz, and on the terms stated in the credit approval letter, subject to the terms of this Agreement;
Credit Approval means a notice given by the Insurers to the Insured slating the amount of the Credit Limit for a buyer or group of buyers and. stipulating any specific conditions or changes to the insurance coverage applicable to sales to that buyer or group of buyers. Discretionary Credit Limit means the maximum Credit limit that the Insured may establish, without contacting the insurers, by using one of the methods for establishing such a Credit Limit set out in this Credit Management Schedule. OBLIGATIONS OF THE INSURED The Insured must establish and maintain a Credit Limit for all buyers by using one of the methods set out in Section 1 below or by requesting a Credit Approval from the Insurers (See Section 2, below). The Credit Limit should be equal to or greater than the amount owed by the buyer to the Insured. The Insured must take appropriate action to follow up on overdue accounts, including those set out in Section 3, below.
Credit Approval means an approval issued by EXIM Bank in respect of the Policyholder substantially in the form of Annex B to be added as part of obligor wise coverage under this Policy specifying certain terms and conditions of the coverage and any special terms and conditions that supersede or amend the Standard Wording provided hereunder and includes any amendments to the Credit Approval by the mutual consent of the Parties from time to time.
Credit Approval means, with respect to any Buyer, a credit approval by our Credit Department of the Buyer, your terms of sale to such Buyer, and the amount and duration of a Buyer Credit Line for such Buyer.
Credit Approval means an approval issued by EXIM Bank in respect of a Buyer or Buyers substantially in the form of Annexure B to be added as part of coverage under this Policy specifying details of a Buyer, the Credit Limit, the Insured Percentage, the Uninsured Percentage, the Maximum Credit Period, the Approval Effective Date, the Waiting Period and any special terms and conditions that supersede or amend the General Provisions provided hereunder and includes any amendments to the Credit Approval by the mutual consent of the Parties from time to time.
Credit Approval. This Agreement is subject to customer establishment of creditworthiness in accordance with established MTSS provisions. BTS may request an advance payment and/or deposit in accordance with MTSS and the provisions of its tariffs. Charges & Payment: Unless otherwise provided in the Schedules, payment for Service, installation, and Monthly Recurring Charges, including applicable surcharges and federal, state, and local taxes shall be due 30 days from the date on the ▇▇▇▇. If the ▇▇▇▇ is not paid by the due date, it then becomes past due. BTS shall present bills for Monthly Recurring Charges to the Customer monthly in advance of the month in which the Service is provided. Automatic payment through Checking or Credit/Debit Card Electronic Fund Transfer (EFT) is optional. Billing and Payment Obligation: Billing for the service component will begin on the Service Activation Date, as specified, for the specific service type. The Service Activation Date is the date:
Credit Approval. This Proposal includes only a brief description of the substantive terms and conditions of the contemplated lease transactions and is not intended as a formal commitment of credit by CSC or Cisco Systems. Any funding by CSC for the purchase of equipment is subject to the ongoing credit approval of CSC (including the absence of any material adverse change, in the judgment of CSC, in the business or financial condition or prospects of Lessee) and to satisfactory documentation including as described below. You agree to provide two years' audited financial statements, bank references, a completed credit application and any other required credit information along with the signed copy of this Proposal. You hereby authorize CSC an/or its agents to make a complete credit investigation and to relate this information to others as necessary to secure credit approval.